Stock analysts expect Umpqua Holdings Co. (NASDAQ:UMPQ) to report earnings per share of $0.40 for the current quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Umpqua, with the highest EPS estimate being $0.43 and the lowest estimate being $0.39. Umpqua reported earnings per share of $0.49 in the same quarter last year, which would indicate a negative 18.4% year-over-year growth rate. The company is due to announce its next results on Wednesday, April 20.
According to Zacks, analysts expect Umpqua to report annual earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.75. For the next fiscal year, analysts expect the company to post earnings of $2.06 per share, with EPS estimates ranging from $2.05 to $2.08. Zacks earnings per share averages are an average based on a survey of sell-side analysts who follow Umpqua.
Umpqua Inc (NASDAQ:UMPQ) last released its quarterly results on Wednesday, January 19. The bank reported earnings per share of $0.41 for the quarter, missing the consensus estimate of $0.43 per ($0.02). The company posted revenue of $316.12 million in the quarter, compared to $307.57 million expected by analysts. Umpqua had a return on equity of 17.75% and a net margin of 35.13%. The company’s quarterly revenue was down 11.9% year over year. In the same quarter of the previous year, the company achieved EPS of $0.68.
The UMPQ has been the subject of several recent analyst reports. Wells Fargo & Company downgraded Umpqua from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $24.00 to $20.00 in a Tuesday, Jan. 4, research memo. Stephens downgraded Umpqua from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $23.00 to $19.00 in a Wednesday, October 13 research note. Truist Financial downgraded Umpqua to a “hold” rating and set a target price of $21.00 for the stock. in a research note from Wednesday, October 13. Finally, Zacks Investment Research downgraded Umpqua from a “hold” rating to a “sell” rating in a research note on Thursday. One financial analyst gave the stock a sell rating and four gave the stock a hold rating. Based on data from MarketBeat.com, Umpqua currently has an average rating of “Hold” and an average price target of $20.90.
UMPQ shares opened at $20.14 on Friday. The company’s fifty-day simple moving average is $19.80 and its two-hundred-day simple moving average is $19.74. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt ratio of 0.14. Umpqua has a 12-month low of $14.49 and a 12-month high of $22.03. The company has a market capitalization of $4.36 billion, a price-earnings ratio of 9.20 and a beta of 1.13.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 30. Shareholders of record on Friday, November 19 received a dividend of $0.21 per share. The ex-dividend date was Thursday, November 18. This represents an annualized dividend of $0.84 and a dividend yield of 4.17%. Umpqua’s payout ratio is 38.36%.
In other news, Insider Torran B. Nixon sold 5,000 shares in a trade on Tuesday, November 2. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 0.58% of the shares are held by insiders.
A number of institutional investors have recently changed their positions in UMPQ. FMR LLC increased its stake in Umpqua by 1,322.7% in the 1st quarter. FMR LLC now owns 1,618,499 shares of the bank worth $26,705,000 after purchasing an additional 1,504,734 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in Umpqua by 189.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 84,081 shares of the bank valued at $1,387,000 after acquiring an additional 54,988 shares during the period. Xponance Inc. increased its stake in Umpqua by 11.3% in the second quarter. Xponance Inc. now owns 25,959 shares of the bank valued at $479,000 after acquiring an additional 2,636 shares during the period. Shell Asset Management Co. increased its stake in Umpqua by 5.7% during the second quarter. Shell Asset Management Co. now owns 42,647 shares of the bank valued at $787,000 after acquiring an additional 2,300 shares during the period. Finally, Bank of Montreal Can increased its stake in Umpqua by 78.0% during the second quarter. Bank of Montreal Can now owns 92,213 shares of the bank valued at $1,691,000 after acquiring an additional 40,419 shares during the period. 93.05% of the shares are currently held by institutional investors.
Umpqua Holdings Corp. operates as a bank holding company, which provides banking and financial services. The Company operates through the following segments: Wholesale Banking, Wealth Management, Retail Banking and Home Lending. The Wholesale Banking segment includes lending, treasury and cash management services and customer risk management products for corporate, corporate and middle market businesses and FinPac operations.
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